Supply Chain - Reading Assignment

What is the motivation behind Walmart investing in a blockchain solution?
To simplify the supply-chain data requirements.
To make tracking faster, easier and more accurate (From up to seven days to 2.2 seconds).

How will this new solution benefit us as customers?
Issues can be tracked and addressed before they make it to the customer.
Greater transparency.
Customer safety.

How will this new solution benefit Walmart as a corporation?
Simple, almost instant auditing and tracking.
Customer safety.

What was the missing piece in their solution before they found blockchain?
According to Frank Yiannis, the capacity to network between all involved, traceability and transparency provided by blockchain technology.

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  1. To create a more transparent supply chain
  2. It will allow us to know exactly where our food has been
  3. It will give Walmart more credibility as a retailer.
  4. The transfer of data between participants in the blockchain
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1.to observe and solitude is something is wrong with their products by tracking fast the details of their product from farming to shipping.
2. to have at your table cheaper and safer product to consume.
3. Less time and paperwork (cost) and safer products for their costumers.
4. a database that can be safe and accessed by all parties no matter in what step of the procession they work for.

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What is the motivation behind Walmart investing in a blockchain solution?
So they can track and trace food from its origin to the store, every step of the way.
How will this new solution benefit us as customers?
Gives transparency to customers
How will this new solution benefit Walmart as a corporation?
This could prevent nation wide outbreaks

What was the missing piece in their solution before they found blockchain?
A record of transactions indicating how meat has flowed through a commercial
network

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  1. Avoiding poisonous foods to be included in their food supply, speeding up the trace of the source of food they sell.

  2. Better food safety and quality, more transparent supply chain of the products we buy.

  3. More trust in the corporation by Walmart’s customers, cheaper supply chain costs, less fraud and inaccuracies made by companies the corporation deal with in the supply chain of the products they sell having details related to farm origins, factory data, expiration dates, storage temperatures, and shipping data stored on the blockchain they use.

  4. “A shared forum where companies could begin to see each others’ transactions and develop trust”; a lack of trust among the different parties (different companies) involved in the supply chain.
    Also, a lack of a consistent record keeping model for the different steps in the supply chain.

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1. What is the motivation behind Walmart investing in a blockchain solution?
	○ Tracing contaminations in their food supply chain
2. How will this new solution benefit us as customers?
	○ more transparency about where and how a product came to
	be
	○ Trust in the product
3. How will this new solution benefit Walmart as a corporation?
	 a way to indelibly record
	a list of transactions indicating how meat has flowed through a commercial
	network, from producers to processors to distributors to grocers—and finally, to
	consumers.
	○ a shared forum where companies could begin to
	see each others’ transactions and develop trust
	○ farm origins, factory data, expiration dates, storage temperatures, and shipping
	 eliminate layers that
	exist today that add very little value to the industry
	
4. What was the missing piece in their solution before they found blockchain?
	○ “The missing piece was a shared forum where companies could begin to
	see each others’ transactions and develop trust,” he said. “That missing piece is
	something like the blockchain.”
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1). The goal is to have transparency about the food they have to offer in order to guarantee its safety to consumers.

  1. Verifying the source of the food and all the stages its goes through in a short period of time with consideration of all the processes that got it from the farm to the shelf provides management the ability to react and decide to ensure quality.

  2. It will give it more control over its vast empire of retail stores that are operating on centralized, partially paper based and inefficeint processes. They will be faster and more accurate in their response and ability to control.

  3. Immediate Provenance

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  1. To make more money for there transparency ease of use from supplier / chain of command
  2. The tracing of consistant information
  3. Save time in admin
    4 An immutable database that keeps tracking information safe and can be accessed by all interested parties.
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  1. To quickly be able to pinpoint exactly where defective/contaminated goods come from thus instilling confidence in their customers.
  2. Because if someone gets sick in 1 area from a product sold at Walmart, they can quickly find out where exactly it came from and which “batch” was contaminated and recall the entire “batch” quickly so others will not get sick.
  3. Because if people do not have confidence in what is bought at Walmart, they will go shop at other stores, thus hurting Walmart’s profit.
  4. “The missing piece was a shared forum where companies could begin to
    see each others’ transactions and develop trust."
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  1. What is the motivation behind Walmart investing in a blockchain solution?
  • more transparency
  • products don’t come on the market if there where problems identified before.
  • they can offer high quality and protect customer of harmful food.
  1. How will this new solution benefit us as customers?
  • better traceability (we can see detailed information of what we eat.)
  • we are better protected against harmful food.
  1. How will this new solution benefit Walmart as a corporation?
  • plus on Customer Trust Level
  • avoid a lot of trouble
  • better quality of food
  • can trace weaknesses in supply chain
  1. What was the missing piece in their solution before they found blockchain?
  • trust in the honesty of there suppliers
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  1. The motivation behind Walmart investing into blockchain is the way it can benefit logistics in everyway saving time and money on their bottom line.

  2. As customers will know whether the supplied food is of either lesser quality, not transported well, or has diseases etc.

  3. It’s all about Time, Money, and Assurance and Transparency of Information Baby ;).

  4. By creating a Trustless Protocol.

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1/ when a problem is detected on food by a consumer, client of Warlmat for a fresh product, it takes currently 7 days to track problem to its root, i.e. an occurence in the farm where product has be grown. In a blockchain system, where any player inserts its own data about product, same query requires a few seconds…
2/ then, safety of food products, from consumer health point of view, will be drastically ensured. Then, cost of fresh product at end consumer will be reduced (less garbage at Warlmat), as by substitution of inaccurate handly written docs by data one time written and stored in blockchain
3/ Image improved, due to improved reliability about quality and safety od fresh products
4/ reliability on data, transparency between players

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1.) Better record keeping of where food comes from to prevent the spread of contaminated food.
2.) We will understand better where the food comes from and how old it is.
3.) Walmart will be able to trace back where a certain food came from in the case that it is contaminated and take action from there.
4.) How to have an immutable and traceable way of tracking food and its origins.

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  1. In order to create a transparent and secure line between suppliers and customers.

  2. Traceability in blockchain prevents disqualified foods from reaching the customer.

  3. Build a trust between Walmart and it’s customers to increase business size.

  4. The shared centrum of information to build a trust with other business subjects.

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  1. In order to provide more transparency, traceability of products that in turn will reflect on the quality o& the produce reaching their stores

  2. Increase of trust and loyalty to the brand

  3. The transparency in the supply stain of the retailer will help the management to pinpoint problems and their origins in a fast and efficient way. Once having allocated the problem it’s much easier to solve.
    Faster problem solving or even prevention could helps retain existing and attract new clientele as their good reputation can only improve as a result of that

  4. The missing piece was a shared forum where companies could begin to see each others’ transactions and develop trust

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1.What is the motivation behind Walmart investing in a blockchain solution?
They wantend to track food origin and to know how food has flowed through a commercial network from producers to consumers, so that they can be certain that food that they sell is safe for consumption.

2.How will this new solution benefit us as customers?
The safety standard will rise and we as consumers would have more transparency of the product origin.

3.How will this new solution benefit Walmart as a corporation?
They will gain trust from their customers, better communication with supply chain, cost effective.

4.What was the missing piece in their solution before they found blockchain?
“The missing piece was a shared forum where companies could begin to
see each others’ transactions and develop trust,” he said. “That missing piece is
something like the blockchain.”

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  1. Supplychain development & regulations for sharing infos in the chain
  2. Great traceability and faster pinpointing at potential dangers
  3. Skipping invaluable parts in the supplychain and removing paperwork + see above.
  4. The blockchain. - an immutable database keeping track of constantly updated data.
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  1. What is the motivation behind Walmart investing in a blockchain solution?
    Transparency is the main goal passing through quick traceability
  2. How will this new solution benefit us as customers?
    All steps of the food chain are uniquely traceable making much quicker to identify threats
  3. How will this new solution benefit Walmart as a corporation?
    Reduce the time they have to keep all goods off sales to identify the source of given food event.
    return of image also
  4. What was the missing piece in their solution before they found blockchain?
    link all the operations to a unified network allowing for the development of a more collaborative community
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Supply Chain - Reading Assignment:

Q1: What is the motivation behind Walmart investing in a blockchain solution?
A: The motivation behind Walmart investing in a blockchain solution is to obtain a way to indelibly record a list of transactions indicating how meat has flowed through their commercial network, from producers to processors to distributors to grocers- and finally, to consumers.

Q2: How will this new solution benefit us as customers?
A: This new solution will benefit customers by providing more transparency about where and how a product came to be.

Q3: How will this new solution benefit Walmart as a corporation?
A: The new solution will benefit Walmart as a corporation by providing them with a system that could help them to avoid and prevent disaster scenarios like the fatal, nationwide outbreak of E. coli described to have occurred a decade ago in the United States.

Q4: What was the missing piece in their solution before they found blockchain?
A: The missing piece in their solution before finding blockchain was a shared forum where companies could begin to see each other’s transactions and develop trust.

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